vietnamgold

Gold has been trading within range market, a symmetric triangle pattern to be exact. Elliot Wave theory says a triangle is overlapping five waves affair that subdivides 3-3-3-3-3. The chart shows how I draw those five waves pattern in the triangle. Wave 'e' seemed to end with a shooting star candle, which shows ...

Oil has had a nice break out candle today to the upside, breaking out of the downtrend line from $51.6 to $39.2/barrel. A 61.8% Fibonacci retrace and a downtrend line should act as a strong resistance but oil passed by quite easily. This shows that bullish momentum is very strong. Oil may accelerate fast to the ...

Silver has been in a correction since reaching $21.1/oz. The last attempt only could bring silver to $20.76/oz before again sliding to the support zone at $19.2/oz. In fact, silver has been in a range from 19.2 to 20.7 (yellow box as charted).
However, the last attempt failed to made a new high and that is a first ...

Oil was in a correction from $51.6/barrel to $39.2/barrel before bouncing to $43.5/barrel. After reaching as high as $43.5/barrel, oil started to retreat to $41 level. However today oil has rebounded 5% to the upside, traded as high as $43.8/barrel. The move today confirmed the low at $39.2 as a short term ...

Gold has been in a range 1330-1360 for a couple of days. A triangle pattern can be drawn as chart. A break out of the triangle pattern will signal the next move for gold. Watch the support zone by the support trend line around 1330-1335. A break down of that support area will signal a big move down. Meanwhile, the ...

After touching support at 1330, gold turned up $27 and traded as high as 1357 . However, sellers came in and pushed it back to the 1345 level. What's next ?
It seems like gold is still in a correction phase with possibly one more leg down. You can see in the chart gold is trying to climb back to the red trend line ...

Gold is retesting the trend line that was broken down when gold dropped to 1330 support level. Currently this support at 1330 holds and gold is re-bouncing to 1340-ish. If gold manages to close above the trend line, it will be a bullish signal. If not, gold will likely drop further to the next support level at ...

Gold has formed a head and shoulders pattern on the daily chart. Now gold is testing the neckline support after forming a right shoulder at 1366. The neckline support should be around 1332-1337. If it breaks down from the neckline, head & shoulders pattern may kick in and gold will drop as low as 1240. Other ...

If you do not read part 1 yet, this is a link for the first part https://www.tradingview.com/chart/USOIL/Kti7gqCa-USOIL-A-Long-Term-Outlook/
Also, if you have short position, you might wanna take partial or full profit. Check out this post also as I have shorted and already taken full profit yesterday. Here is the ...

After making an inverted head and shoulders pattern as charted, Gold has re-bounced to the resistance area at 1333. However, a double bottom was formed at the resistance area 1333. Gold has retreated from that area and touched support at 1322. A retest of the recent low at 1310 can happen. Here is a small trade ...

Gold has been in a correction since it made a double top at 1375. If you follow my last trade on gold and still have your short position, I think it is time to take profit. Gold will probably find some support at 1300-1305. I think there is a long opportunity here according to the chart:
- Trend line support.
- ...

Silver has been in a consolidation since reaching $21.11/oz. A range of trading can been spotted on the chart in the box from 19.20 to 20.60. Selling zone is around 20.50-20.60.
Trade plan:
Sell limit @20.60.
Take profit @19.50.
Stay Tuned.

Gold has made a double top at 1375. After testing support 1325-1330, gold is re-bouncing to the resistance area at 1345-1350.
Trade Plan:
- Sell Limit @ 1347
- Target 1305
- Stop loss over 1360
Real stop loss and take profit level will be calculated once trade is executed. Stay Tuned.

USDJPY has created a double bottom on 4hr chart. MACD indicator also has a bullish divergence. A long position is recommended.
Trade plan:
- Buy at market.
- Target 106.00 and 107.50
- Stop loss 103.50
Stay Tuned.

After touching 0.7500 level, AUDUSD made a retrace back to 0.7300 level as expected. If you have followed my AUDUSD monthly post, 0.7500 is the level that I mentioned pull back would happen and 0.7300 level would provide strong support. If you have added long positions at that 0.7300 level, it would be fantastic ...

Gold seems like being in a short term correction after touching 1315- two year high. A short is recommend if price has a break out of the triangle and the internal trend line. MACD indicator also has a bearish divergence. Support is the yellow areas which coincides with 50% Fibo Retrace from 1199 to 1315.
Trade ...

USDJPY has consolidated in a wedge. Divergence is spotted on both MACD and RSI indicators. A break out of the wedge is due. Price is at support level. A long is recommend at support level or after price breaks out of the wedge.
Trade plan:
- Buy limit @105.50
- Stop loss @105.00
- Take profit @108.00
Stay Tuned.

USOIL is about to break out of its daily bullish trend line. A divergence is spotted on MACD indicator. A short position is recommended once price breaks down out of the support trend line.Take profit @41.